Bitmine Surpasses Marathon Digital with $13.4B Crypto Treasury Holdings
Bitmine Immersion Technologies (BMNR) has surpassed Marathon Digital, becoming the world's second-largest crypto treasury holder.
- Bitmine's holdings total $13.4 billion, including 2.83 million Ethereum, $456 million in cash, and minor Bitcoin stakes.
- At current market prices, Bitmine controls over 2% of Ethereum's total supply.
- Marathon Digital holds $6.5 billion, primarily in Bitcoin.
- Strategy Inc., led by Michael Saylor, ranks highest with 640,031 BTC valued at $80 billion.
- Bitmine's stock (BMNR) rose 41.7%, reaching a market cap of $17.7 billion.
- Backers include ARK Invest, Founders Fund, Pantera, Galaxy Digital, and DCG.
Chairman Tom Lee reaffirmed the commitment to Ethereum at Token 2049 in Singapore, emphasizing AI integration and Wall Street collaboration. Ethereum's price surged 4% intraday, reaching its highest since mid-September.
